NY Times Commentary by Paul Krugman (February 14, 2010)
According to Krugman, individual nation-state competitiveness in the EU can now only be achieved through a slow, grinding process of deflation. “…the fundamental problem was… the arrogant belief that Europe could make a single currency work…” http://www.nytimes.com/2010/02/15/opinion/15krugman.html
“The making of Euromess” cont’d… J. Maudlin’s take on things…”Between Dire and Disasterous” http://www.frontlinethoughts.com/index.asp